Looking to earn extra money? Like I talked about in 10 Ways to Trim Your Budget, there are two sides to the financial equation: income and expenses. Since expenses have already been addressed, here are 10 ways to make some extra cash:
1. Sell Stuff Around the House Online
You would be amazed at what items you have lying around the house that might bring good money. Do you still have your textbooks from college? What about your old cell phone or last generation iPod? Look around your house and determine what you are willing to part with. We used the 1 year rule: if I hadn’t used the item in the past year, it is time for it to go. I use Ebay to sell smaller items and I use Craigslist to sell bigger items because shipping can really eat into the amount of money you will get. The bigger the item, the more it will cost to ship.
2. Buy for Less and Sell for More
This is one of my favorite things to do. It can be risky, so I would make sure to only buy items that you are familiar with. Recently I stopped by a yard sale that had a Keurig for sale. I gave them $8 for it, listed it on Craigslist, and sold it for $50 the same day. I will often pull my cell phone out while at a sale and look an item up first on Amazon or Ebay to see what it is selling for. Then if the margins are high enough, I make an offer.
3. Get a Second Job
I know firsthand how difficult it can be to have two jobs but it is worth it if you have a goal. Our goal was to be out of debt in 18 Months so a second job was a must to make this happen. If you are in this boat, check out my post on how I got a second job in 8 days.
4. Work Hard at Your Current Job
This is common sense, right? Well, if you work hard at your current job, come in early and leave late, you will be noticed. Why? Because that is the behavior of a winner and people like having winners around. You do this long enough and you are bound to get a raise.
5. Monetize Your Skills
Are you good at fixing computer issues? What about cutting hair? Are you handy around the house? Take an inventory of your skills that you can turn into cash. Write down on a piece of paper what your skills are and how you can make money using them.
6. Put Items on Consignment
Do you have a nice piece of furniture that you would be willing to sell? In Arizona we have a store called My Sisters Attic where they sell pre-owned, quality items; Mainly furniture and household goods. Even if you have some designer clothes, there are consignment shops for those as well. Here are a few in my neck of the woods: My Sisters Closet, Well Suited, Buffalo Exchange, Sunset Clothing Xchange, & A Second Look. Note, some of these stores will just give you cash for clothes, so you don’t have to wait for them to sell.
7. Sell Your Photos
If you love photography and would like to make a little extra money with your pictures, you can become a Shutterstock Contributor. It is free to contribute and you can get anywhere from $0.25 to $75.00 per download!
8. Rent Out Your Spare Bedroom
This is a better option if you are single, but renting out a spare room for a few hundred dollars a month can really help. I did this all through college and was able to fit four guys in a two bedroom condo. The more the merrier is the way I look at it.
9. Sell Items on Etsy
If you are into making crafts or items that are unique in nature, check out Etsy.com. It is online marketplace where you can have a web presence to sell the items you create.
10. Create a Kickstarter Campaign
This is one of the greatest innovations in the 21st century. If you want to create a product, produce a film, or even cut an album, Kickstarter.com allows you to raise money to so. I recently gave to a campaign called, “I’m Fine, Thanks” which raised over $100,000 for their movie!
11. Teach a Community Education Class
If you have a skill that’s best learned in a group setting, considering contacting your local Community Education officials and talk to them about teaching a class. Ideas for what type of class you can teach if your local community education program doesn’t already offer it are endless. You could teach a budgeting class, an Internet safety class, a class on how to use a smart phone, how to pay off debt, how to retire early or a multitude of other things. Research your skill sets and see what you could teach others that would bring value to your community and earn you extra money in the process.
12. Tutor a Student
Parents with students of all ages are seeking out qualified tutors for their kids. If you are great with kids, and are smart at Math, English, Creative Writing or Grammar, consider advertising your services as a tutor. This is a great way to make money while in college too. Advertise your services on Craigslist or Facebook.
13. Teach Others What You Know
Make a list of your skills and talents, and work to find a way to teach others how to do the same. Are you a great cook? Offer services to come to someone’s house and teach them to cook a few great dishes. If budgeting and money management are in your skill sets, offer a one-on-one coaching session on how to manage money. Most people have at least one talent that others rave about and wish they had. Find yours, and offer to teach it to others for a fee.
14. Provide a Time-Saving Service
There are many tasks out there that busy people would gladly pay someone else to do, such as house-cleaning, dog walking, lawn care, doggie doo-doo cleanup, car washing services and other similar tasks. Look for simple tasks that you don’t mind doing that would be a huge time-saver for other people, and offer your services via local bulletin boards, local newspapers or Craigslist.
15. Expand Your Side Hustle
Already got a side hustle in place? Find a way to expand on it. If you offer house-painting services, consider adding another repair/maintenance service to your business. If you’re a freelance writer, consider offering website content writing services. If you offer babysitting services, expand your business and offer house-cleaning services as well. Find a way to utilize the skills you already have and grow your side hustle business to expand your customer base and earn more money.
What are some ways you have made some extra cash over the years?